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Operational Technology: Exploring Security and Convergence in the Global Industry

How is Security Impacting OT?

Operational technology (OT), a term used to describe hardware and software used to change physical states in industrial environments, is increasingly being targeted by malicious actors. This uptick in security threats is largely related to the greater connectivity of these systems due to Industry 4.0. Cyberattacks are now capable of generating physical consequences, elevating the importance of suitable security measures. Difficulty in updating or patching systems, default passwords, and lack of encryption often expose these systems to vulnerabilities.

What Trends Are Converging in OT?

Additionally, digital transformation trends are producing convergence between Information Technology (IT) and OT. Though advantageous, this merger creates new vulnerabilities. The IT sector is well-versed in terms of cyberspace threats, while OT, historically isolated, is not. This trend is necessitating a synthesis of both IT and OT security policies and practices to protect the integrated whole.

How Will Global Industry Tackle the Growing Interest in OT?

The rise in the global industry's interest in the OT sector signifies a looming rapid proliferation of connected OT systems. With this increasing shift towards digital factory floors, virtual and augmented reality for remote maintenance, and autonomous vehicles in logistics, industries need to formulate holistic cybersecurity strategies for long-term resilience against potentially devastating cyberattacks on their OT systems.

Key Indicators

  1. Global Market Size
  2. Market Growth Rate
  3. Adoption Rate
  4. Industry-wise Adoption
  5. Investment in Security
  6. Number of Security Incidents
  7. Regulatory Trends
  8. Advancements in Technology
  9. Convergence of OT and IT
  10. Presence of Established and Emerging Players